Montell Jordan on $11K IRS Debt Ballooning to $1.7M, Went Bankrupt and Sold Music Catalog (Part 12)

Watch the full interview now as a VladTV Youtube Member – https://www.youtube.com/channel/UCg7lal8IC-xPyKfgH4rdUcA/join

Part 11: https://youtu.be/oUe6t9_riVU
Part 1: https://youtu.be/cf3H87X5WrE
——–
In this clip, R&B singer Montell Williams refers to the IRS as “Gangster” before explaining why their claim that he owed them $1.7 million is inaccurate. He reveals that it all stems from a $50,000 “production deal” that he agreed to with his record label. He goes on to reveal that his financial advisor neglected to factor in the $11,000 tax fee for the government. Therefore, his account went into default, and the amount owed to the IRS accumulated over years with interest. This eventually led to him filing for bankruptcy. Eventually, he was able to pay the IRS back after selling off his music catalog.

Interview by: Shawn Prez
Check out his youtube channel at: https://www.youtube.com/c/PowerMoveMakers

The videos on this website are sourced from YouTube, and are embedded using the public API provided by YouTube. By using this website, you acknowledge that the videos displayed are the property of their respective owners, and remain subject to the copyright laws of the owner. All articles, images, product names, logos, and brands featured on this website are the property of their respective owners, and we make no claim to ownership or affiliation with any of these entities. Please note that your use of embedded videos from YouTube is subject to YouTube's terms of service and privacy policy. By using this website and viewing embedded videos, you agree to abide by YouTube's terms of service and privacy policy. If you have any questions or concerns about the content displayed on this website, please contact us using the information provided on the website.